The RealReal, Inc. (REAL)

The RealReal Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-71.47	-134.2	-168.47	-196.45	-236.11	-175.83
Depreciation & Amortization	33.13	33.1	31.7	27.67	23.53	18.85
Other Amortization	2.18	2.13	2.57	2.37	13.99	2.4
Loss (Gain) From Sale of Assets	-	-	-	-	0.55	0.28
Asset Writedown & Restructuring Costs	-	-	39.74	-	-	-
Stock-Based Compensation	28.67	29.08	34.27	46.14	48.8	24.32
Provision & Write-off of Bad Debts	2.7	2.5	1.96	1.68	1.03	0.9
Other Operating Activities	40.21	91.41	26.01	24.38	20.91	16.19
Change in Accounts Receivable	-11.09	0.77	-6.98	-6.12	-1.59	-0.34
Change in Inventory	-12.12	-3.68	10.94	23.97	-29.2	-20.41
Change in Accounts Payable	0.74	0.91	-0.43	4.95	-9.99	2.8
Change in Other Net Operating Assets	2.53	4.84	-32.58	-20.15	25.93	-3.59
Operating Cash Flow	15.48	26.85	-61.27	-91.56	-142.15	-134.42
Capital Expenditures	-20.04	-14.25	-29.18	-22.86	-37.47	-18.25
Sale (Purchase) of Intangibles	-13.41	-11.8	-12.95	-14.06	-9.97	-8.68
Investment in Securities	-	-	-	-	4	204.94
Other Investing Activities	2.31	0.46	-	-	-	-
Investing Cash Flow	-31.13	-25.59	-42.13	-36.92	-43.44	178
Long-Term Debt Issued	-	-	-	-	278.23	166.28
Net Debt Issued (Repaid)	-26.75	-	-	-	278.23	166.28
Issuance of Common Stock	2.2	1.79	0.91	4.31	8.35	9.83
Repurchase of Common Stock	-1.3	-1.65	-0.68	-0.21	-0.01	-0.75
Other Financing Activities	-3.31	-4.9	-	-	-33.67	-22.55
Financing Cash Flow	-29.16	-4.76	0.23	4.1	252.91	152.82
Net Cash Flow	-44.81	-3.5	-103.17	-124.38	67.33	196.4
Free Cash Flow	-4.55	12.6	-90.45	-114.42	-179.62	-152.67
Free Cash Flow Margin	-0.69%	2.10%	-16.46%	-18.96%	-38.41%	-50.90%
Free Cash Flow Per Share	-0.04	0.12	-0.89	-1.19	-1.97	-1.74
Cash Interest Paid	17.96	10.68	8.13	8.1	6.58	0.01
Cash Income Tax Paid	0.33	0.2	0.23	0.26	0.09	0.09
Levered Free Cash Flow	1.93	19.91	-56.79	-46.15	-95.64	-100.36
Unlevered Free Cash Flow	16.22	31.15	-52.67	-41.98	-96.17	-99.47
Change in Working Capital	-19.94	2.84	-29.05	2.65	-14.86	-21.53

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q